Divided States of America

The USA is in day 2 of an election that may end up being decided by the Supreme Court. In my opinion, the election is a good news / bad news scenario. Whoever loses, that’s the good news. The bad news is the other guy won. I was struck by the mundane items that were on the California mail in …

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$1 BILLION IN BTC ON THE MOVE

There is a BTC wallet that just moved ~$1 Billion USD. Here’s the address and the search results for BTC, BCH and BSV from blockchair.com: 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx Due to the age of this address the owner has coins on BTC, BCH and BSV. These transactions¬†are only a few hours old but so far the BTC and BCH have moved while the …

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Trick or Treat: BTC Hash Collapses by 30%

Brief weekend update on BTC. Network Hash has collapsed by 30+% resulting in high fees and very slow transactions. The reason for the hash collapse? Chinese miners who rely on hydro power are no longer receiving plentiful cheap energy as China enters the dry season. The increase in energy cost results in less profitable miners shutting down and a collapse …

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Billionaire Boys Club

If you had 1 billion dollars how much due diligence would you do before opening 8 or 9 figure positions? I’m curious because some of the largest investments I see in BTC defy logic. Sure, if you’re a crypto kid in your mom’s basement YOLO’ing BTC is fine, but if you have 9 figures in a public company’s treasury I …

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One Chart

This chart presented by TAAL’s Jerry Chan at last week’s Coingeek conference sums up the investment thesis for Bitcoin SV. Full presentation here. This chart represents the point when the BSV mining network is being sustained by transaction fees rather than by block rewards. Keep in mind, the block rewards in Bitcoin are programmed to decrease every four years. Sustaining the …

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Fool’s Gold

Let’s say it like it is: it’s been a tough six months for bullish BSV traders. I am reminded of the market adage: The market can remain irrational longer than you can remain solvent. Irrational is an understatement. We are living in an upside down financial world: Black is white. Buying bankrupt company stock is a foolproof money maker. TSLA …

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Patents, Copyrights and Lawsuits – Oh My

Bitcoin SV price has under-performed BTC by 20% in the month of August. This price lag has caused a few interesting comments and articles to be published pondering what is holding BSV back. Bitcoin SV is a protocol on which developers have built a competitive ecosystem of applications. BSV is designed to comply with legal requirements while scaling with near …

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Bitcoin Scales Or It Dies

The current throughput of BTC is 7 transactions per second. That’s 420 tx a minute. ~600,000 a day. For a global network? How do 7 Billion people use a payment network that can only process 600,000 transactions a day? Ethereum is doing nearly double that number of daily transactions but is also having a lot of problems with scaling and …

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Market Signal: Point Break

BTCUSD is breaking below the daily Ichimoku cloud (standard settings). BTCUSD – click for big This indicates a bearish trend confirmation from the bearish TK cross on June 14. BTCUSD has crossed the cloud barrier six times in the past 12 months. Four of those six signals led to significant moves. This move sets BTC up for hitting targets $8800, …

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Count Your Blessings

Jay Powell has been a generous God. Count your blessings under his reign. Powell’s policies of spending your future tax dollars to protect the banking system have created a historic windfall for those closest to the Fed machinery. I highly recommend that you read up on the Cantillon Effect. It’s been a hot topic lately for good reason. Brief update …

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